Industry News
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide
In separate announcements late Wednesday, Markel Group and Nationwide revealed that Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book ...
California Department of Insurance Completes Final Review of Wildfire Model
The California Department of Insurance completed a review of the state's first wildfire catastrophe model, marking a dramatic change in the state's property/casualty insurance ratemaking process. The ...
H1 Natural Disasters Had Insured Price Tag of $80B – Driven by U.S. Claims: Munich Re
Natural disasters across the globe cost insurers $80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re's mid-year natural disaster report. On the other ...
Allianz Life Says Majority of U.S. Customers’ Data Stolen in Hack
U.S. insurance giant Allianz Life said on Saturday that hackers stole the personal information of the majority of its customers, financial professionals, and select Allianz Life employees in the ...
New Expert Report Cites 6 Urgent Actions to Address Insurance Crisis
California is in the midst of an insurance crisis, and a new report highlights several contributing factors, including the unsustainable growth of the FAIR Plan, the state's prolonged rate filing and ...
Fewer Insureds Shopping, More Switching, Says JD Power
Shopping slowed, but switching endures. That's according to a recent report from J.D. Power, assessing insureds' shopping habits for auto, home and renters insurance in Q2 2025. Overall shopping ...
Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small
The global middle market and small commercial is where it's at for Chubb, according to its CEO. "The pattern of growth and opportunity continues," Evan G. Greenberg said on a call with analysts to ...
Green Bond Issuance Dives Almost a Third Amid Global Climate Backtracking
The amount of "green" bonds sold by governments, banks, and companies has slumped by almost a third this year amid the rollback of climate change policies in the United States and Europe, new figures ...